Archive for the Press Releases Category

For Immediate Release UNIVERSITY BANCORP 9M2012 PROFIT $1,938,345 $0.416 PER SHARE Ann Arbor, Michigan, November 20, 2012, — University Bancorp, Inc. (OTCQB: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the first nine months of 2012 of $1,938,345, $0.416 per share on average shares outstanding of 4,659,265 for the first nine months. For the first nine

For Immediate Release UNIVERSITY BANCORP 1H2012 PROFIT $1,400,444, $0.301 PER SHARE Ann Arbor, Michigan, August 10, 2012, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced that it had unaudited net income attributable to University Bancorp, Inc. common stock shareholders in the first half of 2012 of $1,400,444, represented $0.301 per share on average shares outstanding for the first half of 4,655,098. These results

For Immediate Release UNIVERSITY BANCORP STRIKES $500,000 DEAL TO INCREASE OWNERSHIP OF UNIVERSITY LENDING GROUP FROM 87.5% TO 100% Ann Arbor, Michigan, May xx, 2012, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that its subsidiary, University Bank, had signed a definitive agreement to acquire an additional 12.4975% membership interest in University Lending Group, LLC, bringing its total ownership to 100%. University

For Immediate Release UNIVERSITY BANK 1Q2012 PROFIT $937,546 Ann Arbor, Michigan, May 9, 2012, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) provided an update on operating results of its bank subsidiary, University Bank, announcing that the bank had an unaudited pre-tax profit of $937,546 for the first three months of 2012. These results were ahead of the budget by $642,900 year-to-date pre-tax for

For Immediate Release UNIVERSITY BANCORP, INC. ANNOUNCES RESULTS FOR 2011 Ann Arbor, Michigan, May 9, 2012, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that it had an audited net loss of $932,074 in 2011 versus net income of $169,359 in 2010. After taking into account preferred stock dividends and net income attributable to the minority interests held by outside shareholders in

For Immediate Release UNIVERSITY BANCORP ACQUIRES 37.5% OF UNIVERSITY LENDING GROUP Ann Arbor, Michigan, January 3, 2012, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that its subsidiary, University Bank, had acquired an additional 37.4925% membership interest in University Lending Group, LLC, effective as of December 31, 2011, bringing its total ownership to 87.5025%. University Bancorp, Inc. issued a total of 366,720

For Immediate Release UNIVERSITY BANCORP SETS ANNUAL MEETING DATE AS DECEMBER 30, 2011 NOON EST Ann Arbor, Michigan, December 21, 2011, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that its 2011 annual shareholder meeting has been scheduled for December 30, 2011, beginning at Noon EST at University Bank’s headquarters at 2015 Washtenaw Avenue, Ann Arbor. Shareholders of record as of the

For Immediate Release UNIVERSITY BANCORP, INC. ANNOUNCES RESULTS FOR 2010 Ann Arbor, Michigan, May 15, 2011, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that it had an audited net income of $169,359 in 2010 versus net income of $2,618,272 in 2009. After taking into account preferred stock dividends and net income attributable to the minority interests held by outside shareholders in

For Immediate Release UNIVERSITY BANCORP, INC. NAMES REGISTRAR & TRANSFER ITS NEW TRANSFER AGENT Ann Arbor, Michigan, February 17, 2011, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that Registrar and Transfer Company, 10 Commerce Drive, Cranford, NJ 07016 has been named the new transfer agent for its common stock. All shareholders requiring issuance of new certificates or transfer of shares of

For Immediate Release CRAIN’S DETROIT BUSINESS NAMES UNIVERSITY BANCORP, INC. SECOND FASTEST GROWING FIRM IN THE GREATER DETROIT REGION IN 2009 Ann Arbor, Michigan, July 20, 2010, — University Bancorp, Inc. (OTCQB: UNIB) (Pink Sheets: UNIB) announced today that Crain’s Detroit Business has named it the second fastest growing firm in the greater Detroit region in 2009. Over the past five years, our audited revenues